What is the 10 daily lots size limit rule (soft breach)?
The 10 lots limit per day rule means you can only open a total of 10 lots each day. If you go over this limit, any open trades will be closed, and you won't be able to trade until the next day. This limit resets at midnight CE(S)T. If you have trades open at midnight, they count towards the next day's limit. This rule only applies to the Master account of the 1-Step & 3-Step model and the brand new FundingPipsX and it is NOT a hard breach. You will not lose the Master account for exceeding the daily lot limit.
How does it work?
Every day, you are allowed to open 10 lots in total. If the total lots opened during the day exceed 10 lots, the system will close the open trades and disable trading till the new day starts. At midnight CE(S)T the Lot size counter will be reset. This is not a hard breach and you will not violate nor lose the account for exceeding the daily lot limit. The open trades that are held during midnight are counted for the next day. The moment any trade causes the account to exceed the 10 lots, the system will close all trades and trading will be disabled till the next day.
Example 1 - Exceeding the lot size limit on the same day with closed trades:
You opened a 10 lot trade and closed it in the morning. In the afternoon, you open another 10 lots, which exceeds the 10 lots per day, which means that the trade will be closed and trading will be disabled. At midnight CE(S)T from day 1 to day 2, the lot size counter will be reset to 0 and trading will be enabled again.
Example 2 - Exceeding the lot size limit on the same day with open trades:
You have a trade of 10 lots open and opened a second trade of 10 lots on day 1, this is a total of 20 lots for day 1 which exceeds the 10 lots per day, which means that the trades will be closed and trading disabled. At midnight CE(S)T from day 1 to day 2, the lot size counter will be reset to 0 and trading will be enabled again.
Example 3 - a trade held overnight:
You have a trade of 10 lots open on day 1 and hold this overnight. On day 2, this trade is still open and is counted towards the lot size limit. On day 2, you open 0.01 lots which brings your total for day 2 to 10.01 which exceeds the 10 lots limit thus the trades will be closed and trading disabled